Xenia Hotels & Resorts, Inc. (NYSE:XHR) Given Average Rating of “Hold” by Brokerages

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHRGet Free Report) have been given a consensus recommendation of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $15.70.

Several equities analysts have weighed in on the company. B. Riley reaffirmed a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Xenia Hotels & Resorts in a research report on Monday, March 4th. Wells Fargo & Company lifted their price objective on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Jefferies Financial Group upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $18.00 in a research note on Thursday, February 29th. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, KeyCorp lifted their price objective on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, April 5th.

View Our Latest Report on Xenia Hotels & Resorts

Xenia Hotels & Resorts Stock Down 0.6 %

Shares of XHR opened at $14.25 on Wednesday. The stock has a fifty day simple moving average of $14.39 and a two-hundred day simple moving average of $14.10. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $1.45 billion, a PE ratio of 75.00 and a beta of 1.49. Xenia Hotels & Resorts has a 52-week low of $10.90 and a 52-week high of $15.84.

Xenia Hotels & Resorts (NYSE:XHRGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). The business had revenue of $267.49 million for the quarter, compared to analyst estimates of $258.80 million. Xenia Hotels & Resorts had a return on equity of 1.58% and a net margin of 2.09%. As a group, equities analysts forecast that Xenia Hotels & Resorts will post 1.56 EPS for the current year.

Xenia Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, June 28th. Xenia Hotels & Resorts’s payout ratio is currently 252.64%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of XHR. Wellington Management Group LLP grew its holdings in Xenia Hotels & Resorts by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust’s stock valued at $138,067,000 after purchasing an additional 278,686 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Xenia Hotels & Resorts by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,256,192 shares of the real estate investment trust’s stock valued at $30,729,000 after purchasing an additional 60,748 shares during the last quarter. 683 Capital Management LLC grew its holdings in Xenia Hotels & Resorts by 461.7% in the third quarter. 683 Capital Management LLC now owns 1,650,000 shares of the real estate investment trust’s stock valued at $19,437,000 after purchasing an additional 1,356,258 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Xenia Hotels & Resorts by 33.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,169,995 shares of the real estate investment trust’s stock valued at $13,783,000 after purchasing an additional 292,913 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new stake in Xenia Hotels & Resorts in the third quarter valued at $13,177,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Company Profile

(Get Free Report

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.

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Analyst Recommendations for Xenia Hotels & Resorts (NYSE:XHR)

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